Phillips Edison & Company, Inc. (NASDAQ:PECO) Price Target Lowered to $39.00 at Mizuho

Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) had its price objective reduced by investment analysts at Mizuho from $43.00 to $39.00 in a report issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s price target would suggest a potential upside of 5.18% from the stock’s previous close.

Other research analysts have also issued reports about the company. Evercore reaffirmed an “outperform” rating on shares of Phillips Edison & Company, Inc. in a research report on Monday. LADENBURG THALM/SH SH lifted their price objective on shares of Phillips Edison & Company, Inc. from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Weiss Ratings upgraded Phillips Edison & Company, Inc. from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Griffin Securities set a $44.00 price objective on Phillips Edison & Company, Inc. in a report on Monday. Finally, Morgan Stanley boosted their target price on Phillips Edison & Company, Inc. from $38.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $43.44.

Read Our Latest Research Report on Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc. Stock Up 1.0%

Phillips Edison & Company, Inc. stock traded up $0.36 during mid-day trading on Thursday, hitting $37.08. The company’s stock had a trading volume of 503,276 shares, compared to its average volume of 934,698. The stock’s fifty day moving average price is $40.20 and its two-hundred day moving average price is $39.90. The stock has a market capitalization of $4.77 billion, a P/E ratio of 32.22, a P/E/G ratio of 1.92 and a beta of 0.50. Phillips Edison & Company, Inc. has a twelve month low of $32.98 and a twelve month high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.35). The firm had revenue of $189.62 million during the quarter, compared to analysts’ expectations of $187.46 million. Phillips Edison & Company, Inc. had a net margin of 19.14% and a return on equity of 5.52%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. Equities analysts expect that Phillips Edison & Company, Inc. will post 2.77 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Phillips Edison & Company, Inc. during the second quarter worth $3,768,000. Verition Fund Management LLC boosted its holdings in Phillips Edison & Company, Inc. by 2,343.2% during the fourth quarter. Verition Fund Management LLC now owns 513,076 shares of the company’s stock worth $18,250,000 after buying an additional 492,076 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Phillips Edison & Company, Inc. by 33.5% in the fourth quarter. Hsbc Holdings PLC now owns 248,985 shares of the company’s stock worth $8,856,000 after purchasing an additional 62,523 shares during the period. Kennedy Capital Management LLC increased its stake in Phillips Edison & Company, Inc. by 20.2% during the 4th quarter. Kennedy Capital Management LLC now owns 349,583 shares of the company’s stock worth $12,435,000 after purchasing an additional 58,868 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in Phillips Edison & Company, Inc. by 4,823.2% in the 1st quarter. Fifth Third Bancorp now owns 34,216 shares of the company’s stock worth $1,280,000 after purchasing an additional 33,521 shares during the period. Institutional investors own 80.70% of the company’s stock.

Phillips Edison & Company, Inc. Company Profile

(Get Free Report)

Phillips Edison & Company, Inc is a self-managed real estate investment trust that owns, operates and develops grocery-anchored shopping centers in the United States. Its properties are generally located in established communities and are designed to provide essential goods and services to local consumers.

The company’s portfolio includes neighborhood and community shopping centers anchored by supermarkets, along with complementary tenants such as restaurants, health and wellness providers, personal services and other retailers.

Further Reading

Analyst Recommendations for Phillips Edison & Company, Inc. (NASDAQ:PECO)

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